And what are our elected officials doing?
Oh, they're being VERY productive.
They're having hearings where they lambast the oil producers.
They're having hearings where they try to figure out how much more to tax those who produce oil.
They're having hearings trying to figure out how to curb the speculative activity in the oil futures market.
They're....
Oh, why am I trying to fool you? You KNOW they're doing nothing at all about the problem, yet trying like anything to LOOK like they're doing something constructive.
But nothing they're doing is going to put even one more gallon of oil into a market that's getting tighter by the day.
So, I've got a question to ask you, oh perceptive and thoughtful reader...
What would it take to get you to actively avoid doing something when a problem like a lack of oil hits? When we have massive, untapped reservers? When there are clean and safe ways to extract it? When NOT having it available could well mean a recession or possibly a depression due to the impact on the economy of high oil prices?
What would it take for you to block alternative energy, like the US government is doing on solar, and Sen. Salazar did on oil shale? Who would have to pay you, and how much? Or would simple party ideology be sufficient for you to crowbar the country into a funk?
I'm wondering, because it sure seems like someone's going to profit big-time if the country crashes and the folks pushing the hardest for it - IMHO - seem to stand to gain the most. Oh, probably not financially - but then, what real need do they have for money?
Who profits from having the economy slow down, possibly crash? Who profits from consumer uncertainty? Who profits from an insecure electorate?
Who, indeed?
J.
Comments (4)
Soros, imo.
Dick Morris was on the radio the other day and blamed the oil prices on speculators. I have no idea if he is right or not, but he mentioned one fact that I thought was significant - that in his opinion, one means to reduce the speculative influence would be to require by law that instead of 5% being required to buy futures, 50% be required. That was a bit of a shock...if only 5% is required to buy futures, it doesn't take a whole lot of money to make something happen in the market. Soros has a whole _bunch_ of money. He made his fortune by diddling in the trading of money exchanges. He nearly brought down the economy of Great Britain, I understand - it might have been a smaller country. He was prohibited from trading currency in Russia. He would buy currency to pump up the market, then dump it. Everybody would invest in a rising market, then lose a whole bunch when the market fell. He wants to have a world government. He wants to bring down the US as a world power...how better than destroy us economically? How better to do that than destroy the oil market?
I don't know...I play checkers. But I stongly suspect that Soros is an active agent in this whole mess. Maybe I've become a conspiracy nut. By the way...he's also _very_ influential in Dem circles - he speaks, they listen. What would they do if he managed to precipitate a change of government administration?
The answer, in any case, is to drill for oil within the US boundaries - take the wind out of the sails of the futures speculators. Observe who loses money.
Posted by suek | July 1, 2008 12:44 PM
Posted on July 1, 2008 12:44
Nice paranoid rambling there, suek.
The Grand Oil Party is so predictable that big money traders and speculators have figured out how to jump on the Republican bandwagon and get rich off of oil, knowing that the White House will block every effort to curb excessive speculation if it dampens oil company profits by a penny, and knowing that George Bush will do everything he can to further the screwing of the American populace as he saunters towards his exit.
The screwing of Americans ends when voters pull the switch for Obama this November.
Posted by Lee Ward | July 3, 2008 9:55 AM
Posted on July 3, 2008 09:55
Suek -
It wouldn't surprise me. I remember when the Hunt Brothers tried to corner the silver market. Silver zoomed from $5/oz to $50 before that run was done.
J.
Posted by JLawson | July 4, 2008 12:22 AM
Posted on July 4, 2008 00:22
Speaking of predictable, Lee, take a look at the two charts referenced here... http://pajamasmedia.com/instapundit/archives2/021198.php
Also, your hero is quite the gymnast.
http://pajamasmedia.com/instapundit/archives2/021235.php
He'll be supporting drilling within, oh, two weeks. And you will be too.
J.
Posted by JLawson | July 4, 2008 12:32 AM
Posted on July 4, 2008 00:32